Montenegro Unemployment Rate - Forecast

Unemployment Rate in Montenegro is expected to be 18.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Montenegro to stand at 17.10 in 12 months time. In the long-term, the Montenegro Unemployment Rate is projected to trend around 16.50 percent in 2020, according to our econometric models.


Forecast Data Chart
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Montenegro Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 17.2 18.6 18.4 18.2 17.1 16.5
Employed Persons 195041 190410 190400 190659 190710 190689
Wages 766 780 782 765 765 800
Minimum Wages 288 288 288 288 288 288
Population 0.62 0.62 0.62 0.62 0.62 0.63
Wages In Manufacturing 605 657 660 615 616 690
Long Term Unemployment Rate 12.3 12.35 11.77 11.08 11.5 11.71